The trading floor of the Shanghai Stock Exchange. Chinese regulators are permitting 10 companies to list in Shanghai and Shenzhen.

Bloomberg News

Five new companies will be allowed to list on the Shanghai Stock Exchange and another five will list on the Shenzhen Stock Exchange, the China Securities Regulatory Commission said late Monday. China has an approval-based IPO system, where the regulator focuses on whether an issuer can sustain its operations and whether it will be able to stay profitable. In most Western markets, on the other hand, regulators determine whether companies have met certain legal and financial requirements and then allow them to list, leaving it up to investors whether to buy the stocks.

The CSRC didn’t name the 10 firms, but seven of them have already published their prospectuses on the websites of the two bourses. Here are the seven known names: